Whetstone Minerals Ltd.: Informs Shareholders of Due Bill Trading Requirements for Special Dividend
28.11.2013 | CNW
JERSEY, Nov. 28, 2013 - Whetstone Minerals Inc. ("Whetstone") (TSXV - WMI) is informing current and prospective shareholders of the "Due Bill" trading requirements in relation to the special dividend of U.S.$0.0115 per share announced on November 26, 2013.With reference to Whetstone's announcement of November 26, 2013 of the declaration of a special dividend of U.S.$0.0115 per share (the "Special Dividend") to be paid on December 11, 2013 ("Payment Date") to shareholders of record as at the close of business on December 6, 2013 (the "Record Date"), the Special Dividend will be subject to the "Due Bill" trading requirements mandated by the TSX Venture Exchange (the "TSXV"). Because the amount of the Special Dividend represents a distribution of greater than 25% of the stock price of Whetstone on the declaration date, the TSXV has required that the common shares shall trade on a "Due Bill" basis from December 4, 2013 until the close of trading on the Payment Date. This means that sellers of common shares in trades settled after the Record Date and entered into on or before the Payment Date shall also sell their entitlement to the Special Dividend to the respective purchasers of such common shares. The common shares will commence trading on an ex-distribution basis (i.e. without an attached "Due Bill" entitlement to the Special Dividend) from the opening of trading on December 13, 2013 (i.e. the next trading day after the Payment Date).
About Whetstone Minerals Ltd.:
Whetstone's common shares are listed on the TSX Venture Exchange under the trading symbol "WMI". Whetstone's website address is www.whetstoneminerals.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Whetstone Minerals Inc.
Allan Dolan, Chairman and Interim Chief Executive Officer
Phone: +44 (77) 9697 3008